Should I take a 9% second mortgage to get a 2.5% assumable rate?

The Assumable Guy Show · Aug 27, 2026 · 6m

Nine percent sounds like a deal killer until you run the actual math. Ryan does it in this episode and the numbers make the case clearly. On a $500,000 home with a $400,000 assumed loan at 2.5% and a $75,000 gap loan at 9%, your total monthly payment comes out to about $2,184. A brand new $475,000 loan at today's rates runs about $3,000 a month. Same house, same amount borrowed, over $800 a month less with the scary second mortgage attached. Blended across both loans that works out to a combined rate of about 3.5%, and nobody is writing 3.5% loans today. Ryan also covers the two things that…